2025-11-13T11:35:25-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 4 BATTERYMARCH PARK SUITE 100 QUINCY MA 02169 990 2024-01-01 953313195 GREENPEACE FUND INC GREE 2024621177 1300 EYE STREET NW SUITE 1100 EAST WASHINGTON DC 20005 SUSHMA RAMAN INTERIM EXECUTIVE DIRECTOR 2024621177 2025-11-11 1 1 DANIELLE NIHILL P01350943 7819821001 2025-11-11 2024 2025-03-06 01:10:19Z SUSHMA RAMAN 1300 EYE STREET NW SUITE 1100 EAST WASHINGTON DC 20005 27751353 0 X WWW.GREENPEACEFUND.ORG X 1978 CA TO PROTECT AND PRESERVE THE ENVIRONMENT THROUGH THE FUNDING OF GRANTS TO OTHER ORGANIZATIONS. 5 5 0 5 0 0 21151975 24885189 0 0 886878 1103447 2752 342724 22041605 26331360 23914808 24227395 0 0 3392119 4398579 337841 295250 3041521 2079735 2602836 29724503 31524060 -7682898 -5192700 48387296 42973151 9147942 144120613 39239354 -101147462 GREENPEACE FUND, INC. IS A NONPROFIT CORPORATION WHOSE ACTIVITIES ARE DIRECTED PRIMARILY AT PROTECTING AND PRESERVING THE ENVIRONMENT. ACTIVITIES ARE EXECUTED MAINLY THROUGH THE CONSIDERATION AND FUNDING OF GRANTS TO OTHER ORGANIZATIONS. 0 0 24227395 24227395 GREENPEACE FUND, INC.'S PRIMARY ACTIVITY IS GRANT-MAKING TO OTHER ORGANIZATIONS TO ASSIST IN THE IDENTIFICATION, RESEARCH, MONITORING AND IMPLEMENTATION OF PROGRAMS TO AID IN THE PROTECTION OF MARINE MAMMALS, OTHER SPECIES AND THE ENVIRONMENT IN GENERAL. GRANTS ALSO SUPPORT PROGRAMS RELATED TO PUBLIC AWARENESS AND UNDERSTANDING OF ENVIRONMENTAL ISSUES THROUGH MEDIA AND EDUCATIONAL PROGRAMS. DURING 2024, GREENPEACE FUND, INC. MADE PROGRAM SERVICE GRANTS OF $7,915,210 TO STICHTING GREENPEACE COUNCIL, AND $16,312,185 TO GREENPEACE, INC. 24227395 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 6 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 1 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 AK AR CA CT FL GA HI IL KS KY MA MD MI MN MS NC ND NH NM NJ NY OK OR PA RI SC TN UT VA WI WV X X THOMAS BEKELE 2024621177 1300 EYE STREET NW SUITE 1100 EAST WASHINGTON DC 20005 LIZ GILCHRIST CHAIR, TREASURER, CO-CHAIR FIN CMTE 5.00 X X 0 0 0 MELVIN GALLOWAY TREASURER, CO-CHAIR FIN CMTE 2.00 X X 0 0 0 MIJIN CHA BOARD MEMBER 2.00 X 0 0 0 CAROLINE FARRELL BOARD MEMBER 2.00 X 0 0 0 KAD SMITH BOARD MEMBER 2.00 X 0 0 0 DEEPA PADMANABHA ASST. SECRETARY 2.00 X 0 0 0 CONSTANTIN DOUMAS CHIEF FINANCIAL OFFICER 20.00 X 265839 0 20878 JAY DESIDER MEISEL SECRETARY AND GENERAL COUNSEL 20.00 X 173714 0 5711 EBONY MARTIN EXECUTIVE DIRECTOR 20.00 X 272647 0 165188 ASIA ARMINIO ASST. SECRETARY 2.00 X 0 0 0 JERILYN EMERSON CHIEF OF STAFF 20.00 X 230767 0 21728 MAYUMI RIDENHOUR SR MGR INSTITUTIONAL PSHIPS 40.00 X 135181 0 8094 WILLIAM E RICHARDSON CAPITAL CAMPAIGN DIRECTOR 40.00 X 149241 0 26356 NECHUMAH GETZ CHIEF OPERATING OFFICER 16.00 X 145343 0 1815 LESLIE ELAINE ALLEN CHIEF DEVELOPMENT OFFICER 12.00 X 101911 0 7460 1474643 0 257230 8 0 1 1 THE HARRINGTON AGENCY 329 DICKINSON AVENUE SWARTHMORE PA 19081 FUNDRAISING SERVICES & MAILING 402917 PATTERSON BELKNAP WEBB & TYLER LLP 1133 AVENUE OF THE AMERICAS NEW YORK NY 10036 LEGAL SERVICES 402462 THE ALFORD GROUP 100 N LASALLE STREET SUITE 910 CHICAGO IL 60602 CAPITAL CAMPAIGN FEASIBILITY STUDIES 205390 ANNE LEWIS STRATEGIES DBA MISSION WIRED 650 MASSACHUSETTS AVE NW SUITE 505 WASHINGTON DC 20001 FUNDRAISING SERVICES 139400 4 24885189 370132 24885189 966815 966815 1556625 1419993 136632 136632 136632 REBATES AND OTHER REVENUE 900099 342724 342724 342724 26331360 342724 0 1103447 16312185 16312185 7915210 7915210 1270191 1270191 36750 36750 2371588 1036743 1334845 96858 48650 48208 411758 228097 183661 211434 135860 75574 740812 735571 5241 56543 56543 295250 295250 94253 94253 645606 184088 461518 29108 29108 188714 41564 147150 53418 11725 41693 497756 305298 192458 89976 10792 79184 74230 14779 59451 69089 42555 26534 BOOKS & PUBLICATIONS 32698 32698 MISCELLANEOUS - OTHER 30633 1685 28948 31524060 24227395 4255144 3041521 31759686 24358189 2500574 3124748 14127036 15490214 48387296 42973151 4302071 3285932 4845871 140834681 9147942 144120613 X 35938780 -104759712 3300574 3612250 39239354 -101147462 48387296 42973151 X -5192700 756628 -135950744 X 0 1 X 1 0 X 23991960 34265559 24693517 21151975 24885189 128988200 23991960 34265559 24693517 21151975 24885189 128988200 13081610 115906590 177578 315969 197709 758897 966815 2416968 138389 8126 55044 2752 342724 547035 131952203 0.87840 0.89400 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: REBATES AND OTHER REVENUE - 2020 AMOUNT: $ 138,389. 2021 AMOUNT: $ 8,126. 2022 AMOUNT: $ 55,044. 2023 AMOUNT: $ 2,752. 2024 AMOUNT: $ 342,724. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 35735 40166 75901 31058656 31134557 1000000 250000 0 0 970688 1000000 1000000 1000000 3970688 5956032 126833 381953 108909 75901 693596 242672 250000 250000 250000 992672 1489008 91942 225549 24588 35735 377814 0 GIFT ANNUITIES PAYABLE 575471 DUE TO GREENPEACE, INC. 8759210 ET LAWSUIT VERDICT ACCRUAL 131500000 140834681 X 26897041 756628 -96694 659934 26237107 94253 94253 26331360 167283857 135854050 135854050 31429807 94253 94253 31524060 PART X, LINE 2: THE ORGANIZATION IS RECOGNIZED AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE IRC AND IS EXEMPT FROM INCOME TAXES EXCEPT FOR TAXES ON UNRELATED BUSINESS ACTIVITIES. NO TAX EXPENSE IS RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023, AS THERE WERE NO UNRELATED BUSINESS ACTIVITIES. MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS AND HAS CONCLUDED THAT THE ORGANIZATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -96,694. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON ENERGY TRANSFER SUIT VERDICT 131,500,000. LOSS DUE TO CYBER CRIME 4,354,050. TOTAL TO SCHEDULE D, PART XII, LINE 2D 135,854,050. ON OCTOBER 28, 2025, GREENPEACE FUND RECEIVED A COURT RULING ON POST-TRIAL MOTIONS. THE RULING REDUCED OVERALL DAMAGES TO $64.4 MILLION FROM THE PREVIOUS AMOUNT OF $131.5 MILLION. JUDGMENT IN THE CASE HAS NOT YET BEEN ENTERED, AND THE AMOUNT IS NOT ENFORCEABLE AS OF THE DATE OF THIS FILING. MANAGEMENT IS EVALUATING THE IMPACT OF THIS RULING ON THE ORGANIZATION'S FINANCIAL POSITION AND OPERATIONS. 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES AND GRANTS TO RECIPIENTS LOCATED IN REGION SUPPORT GLOBAL TECH HUB PROJECT, SCIENCE UNIT, INTL ORGANIZATIONAL DEVELOPMENT 7915210 0 0 0 0 0 0 7915210 0 7915210 EUROPE (INCLUDING ICELAND & GREENLAND) SUPPORT THE SCIENCE UNIT 1982371 BANK TRANSFER 0 N/A N/A EUROPE (INCLUDING ICELAND & GREENLAND) INTERNATIONAL ORGANIZATIONAL DEVELOPMENT 4804796 BANK TRANSFER 0 N/A N/A EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM SUPPORT GLOBAL TEHNOLOGY HUB PRROJECT 1128043 BANK TRANSFER 0 N/A N/A 1 0 0 0 0 0 0 0 PART I, LINE 2: GREENPEACE FUND, INC. INTRODUCES BUDGETED CAMPAIGN PROPOSALS BEFORE THE BOARD OF DIRECTORS FOR APPROVAL BEFORE ANY FUNDS ARE TRANSFERRED TO THE APPROPRIATE GREENPEACE AFFILIATED ORGANIZATION EITHER AS A WIRE OR A BANK TRANSFER. FINAL REPORTS ARE PREPARED BY ENTITY RECEIVING THE GRANT WHEN THE GRANT TERM ENDS. THE FINAL DOCUMENTATION INLCUDES ACTUAL EXPENDITURE REPORTS, AND DESCRIPTION OF PROGRAM ACCOMPLISHMENTS. GREENPEACE FUND, INC. RESERVES THE RIGHT TO REVIEW AND EXAMINE RECORDS SUPPORTING EXPENDITURE REPORTS AND REQUEST FURTHER INFORMATION. ANY FUNDS THAT HAVE NOT BEEN SPENT FOR THE EARMARKED TERM AND PURPOSE (OR ANY FUNDS SPENT OUTSIDE THE ORIGINAL GRANT AGREEMENT) WOULD BE REPAID TO GREENPEACE FUND. PART I, LINE 3: FOREIGN GRANTS ARE ACCOUNTED FOR ON THE ACCRUAL METHOD OF ACCOUNTING USED FOR BOOKS. X X X X X 1 THE HARRINGTON AGENCY 329 DICKINSON AVENUE SWARTHMORE PA 19081 DIRECT MAIL MARKETING 0 708666 171700 536966 MISSION WIRED 650 MASSACHUSETTS AVENUE NW WASHINGTON DC 20001 DIGITAL FUNDRAISING 0 312313 110150 202163 1020979 281850 739129 AK AL AR CA CO CT FL GA HI IL KS KY LA MA MD ME MI MN MS NC ND NH NJ NM NV NY OH OK OR PA RI SC TN UT VA WA WI WV 1 GREENPEACE INC 1300 EYE STREET NW SUITE 1100 EAST WASHINGTON DC 20005 521541501 501(C)(4) 5150000 0 SUPPORT CLIMATE PROGRAM GREENPEACE INC 1300 EYE STREET NW SUITE 1100 EAST WASHINGTON DC 20005 521541501 501(C)(4) 6412185 0 SUPPORT BIODIVERSITY PROGRAM GREENPEACE INC 1300 EYE STREET NW SUITE 1100 EAST WASHINGTON DC 20005 521541501 501(C)(4) 4750000 0 SUPPORT DEMOCRACY PROGRAM 0 1 PART I, LINE 2: GRANTS MADE BY GREENPEACE FUND, INC. TO GREENPEACE, INC. IN THE U.S ARE MONITORED MONTHLY THROUGH THE REGULAR BUDGETING AND FINANCIAL CYCLE BY THE FINANCE DEPARTMENT AT GREENPEACE INC. AND GREENPEACE FUND. FUNDS EXPENDED ARE MONITORED BY THE DEVELOPMENT DEPARTMENT AND FINANCE DEPARTMENT. STANDING MEETINGS ARE SET TO DISCUSS THESE PROJECTS. WHEN GREENPEACE FUND, INC. CONSIDERS A REQUEST FROM GREENPEACE, INC., A PROPOSAL MUST BE SUBMITTED TO THE BOARD OF DIRECTORS FOR APPROVAL. THIS INCLUDES A PROPOSAL NARRATIVE AND BUDGET DESCRIBING THE WORK TO BE COMPLETED. IF THE BOARD APPROVES THE PROPOSAL, A GRANT AGREEMENT LETTER IS ISSUED IN A FORMAT APPROVED BY GREENPEACE FUND'S LEGAL DEPARTMENT AND SIGNED BY ALL INVOLVED PARTIES. RECORDS OF ALL GRANTS ARE MAINTAINED BY GREENPEACE FUND. X X X X X 0 0 0 0 0 0 0 1 0 EBONY MARTIN EXECUTIVE DIRECTOR 120875 0 0 0 151772 0 158692 0 6496 0 437835 0 0 0 CONSTANTIN DOUMAS CHIEF FINANCIAL OFFICER 186325 0 79100 0 414 0 10350 0 10528 0 286717 0 0 0 JERILYN EMERSON CHIEF OF STAFF 143084 0 86975 0 708 0 10350 0 11378 0 252495 0 0 0 JAY DESIDER MEISEL SECRETARY AND GENERAL COUNSEL 127024 0 45119 0 1571 0 4821 0 890 0 179425 0 0 0 WILLIAM E RICHARDSON CAPITAL CAMPAIGN DIRECTOR 139336 0 8775 0 1130 0 8939 0 17417 0 175597 0 0 0 PART I, LINE 3 COMPENSATION FOR ALL REPORTED EMPLOYEES IS SET BY GREENPEACE, INC., AN UNRELATED NONPROFIT ORGANIZATION. COMPENSATION FOR THE EXECUTIVE DIRECTOR IS INDEPENDENTLY REVIEWED AND BASED ON ANALYSIS OF COMPARABLE DATA OBTAINED FROM INDUSTRY RESOURCES, PUBLICLY DISCLOSED 990S, AND PEER ORGANIZATIONS. REVIEW AND APPROVALS ARE DOCUMENTED BY THE BOARD OF DIRECTORS OR DELEGATED COMMITTEES. A SIMILAR PROCEDURE IS FOLLOWED FOR ALL OTHER OFFICERS AND KEY EMPLOYEES. LAST YEAR OF INDEPENDENT REVIEW TOOK PLACE IN 2024. PART I, LINE 7 IN 2024 AND 2025, EBONY MARTIN, EXECUTIVE DIRECTOR, WAS PAID ADDITIONAL COMPENSATION PURSUANT TO A SETTLEMENT AGREEMENT. THE AMOUNT INCLUDED IN SCHEDULE J PART II, COLUMN (B)(III), REFLECTS THE AMOUNT OF THE SETTLEMENT PAID BY GREENPEACE FUND, INC. IN 2024. THE AMOUNT INCLUDED IN SCHEDULE J PART II, COLUMN (C), REFLECTS THE AMOUNT PAID BY GREENPEACE FUND, INC. IN 2025. IN 2024, CERTAIN INDIVIDUALS REPORTED IN FORM 990 PART VII SECTION A WERE PAID THE BONUSES IDENTIFIED BELOW: CONSTANTIN DOUMAS, CHIEF FINANCIAL OFFICER $79,100 JERILYN EMERSON, CHIEF OF STAFF $86,975 JAY DESIDER MEISEL, GENERAL COUNSEL $45,119 WILLIAM E RICHARDSON, CAPITAL CAMPAIGN DIRECTOR $8,775 NECHUMAH GETZ, CHIEF OPERATING OFFICER $33,000 MAYUMI RIDENHOUR, INSTITUTIONAL PARTNERSHIPS SENIOR MANAGER $8,881 LESLIE ELAINE ALLEN, CHIEF DEVELOPMENT OFFICER $25,733 X 48 370132 QUOTED MARKET PRICES 0 1 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS IS BASED ON TOTAL INDIVIDUAL DONORS, AND NOT DIFFERENT STOCKS. FORM 990, PART VI, SECTION A, LINE 5 IN DECEMBER 2024, THE ORGANIZATION WAS THE VICTIM OF A SOPHISTICATED CYBER THEFT THAT RESULTED IN AN UNAUTHORIZED TRANSFER OF $4.35 MILLION FROM ITS CORPORATE BANK ACCOUNT. THE ATTACK INVOLVED HIGHLY SOPHISTICATED FRAUDULENT COMMUNICATIONS TO THE ORGANIZATION. UPON DISCOVERY, THE ORGANIZATION IMMEDIATELY LAUNCHED AN INTERNAL INVESTIGATION AND ENGAGED EXTERNAL EXPERTS TO ASSESS THE MATTER AND MITIGATE FURTHER RISK. THESE EFFORTS ARE LIKELY TO YIELD THE RECOVERY OF SOME, BUT NOT ALL, OF THE STOLEN MONEY; ADDITIONALLY, SOME OF THE LOSS WILL BE COVERED BY INSURANCE. IN RESPONSE TO THE INCIDENT, THE COMPANY HAS ENHANCED ITS CYBERSECURITY PROTOCOLS, INCLUDING CONDUCTING EMPLOYEE TRAINING ON PHISHING AND FRAUD, AND REINFORCING INTERNAL CONTROLS RELATED TO ELECTRONIC FUND TRANSFERS. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY AN INDEPENDENT PUBLIC ACCOUNTING FIRM BASED ON DATA AND SCHEDULES PROVIDED BY THE FINANCE DIRECTOR, AND REVIEWED BY THE ORGANIZATION'S MANAGEMENT TEAM. THE 990 IS THEN REVIEWED AND APPROVED BY THE FINANCE COMMITTEE. AFTER THIS APPROVAL, THE 990 IS SUBMITTED TO THE FULL BOARD PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. THESE VARIOUS LEVELS OF REVIEW ENSURE THE INFORMATION FILED IS COMPLETE, ACCURATE, AND IN COMPLIANCE WITH REGULATIONS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY EACH MEMBER OF THE BOARD OF DIRECTORS AND ACKNOWLEDGED IN WRITING. THIS PROCESS IS OVERSEEN BY GENERAL COUNSEL. ON AN ANNUAL BASIS, EACH DIRECTOR ALSO COMPLETES A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCE IN WHICH HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT. FOLLOWING FULL DISCLOSURE OF A POSSIBLE CONFLICT OF INTEREST, THE BOARD OF DIRECTORS SHALL DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS, AND, IF SO, THE BOARD TAKES ANY ACTION DEEMED NECESSARY TO ADDRESS THE CONFLICT AND PROTECT THE ORGANIZATION'S BEST INTERESTS. INTERESTED PERSONS ARE ALSO URGED TO DISCLOSE THE EXISTENCE OF POTENTIAL CONFLICTS AS THEY ARISE. INTERESTED PERSONS ARE TO DISCLOSE NEW POTENTIAL CONFLICTS DURING THE YEAR DURING A MEETING OF THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS THEN ASSESSES THE POTENTIAL CONFLICT AND VOTE TO DETERMINE IF A CONFLICT OF INTEREST EXISTS. IF A CONFLICT OF INTEREST DOES EXIST, EMPLOYEES ARE REQUIRED TO DISQUALIFY THEMSELVES FROM ACTING OR PARTICIPATING IN PROFESSIONAL DUTIES. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION PERIODICALLY BENCHMARKS TRYING TO REMAIN CONSISTENT ACROSS THE INDUSTRY IN TERMS OF SALARY, RESPONSIBILITIES, SENIORITY. WE USE RELEVANT MARKET DATA FOR EACH POSITION TO DETERMINE COMPENSATION. COMPENSATION FOR THE EXECUTIVE DIRECTOR AND TOP MANAGEMENT IS INDEPENDENTLY REVIEWED AND BASED ON ANALYSIS OF COMPARABLE DATA OBTAINED FROM INDUSTRY RESOURCES (E.G. PAYSCALE & COMPANALYST), PUBLICLY DISCLOSED 990S, PEER ORGANIZATIONS, AND OUR PAYROLL PROCESSING COMPANY. THE RELEVANT LABOR MARKET FOR GREENPEACE, INC.: REGION: MID-ATLANTIC; SIZE: 200-500 FTE; REVENUE: 50M; INDUSTRY: NOT FOR PROFIT. BENCHMARKING RESULTS ARE ASSEMBLED AND DOCUMENTED BY THE PEOPLE AND CULTURE DIRECTOR. SENIOR LEVEL SALARY POSITIONS ARE REVIEWED BY THE EXECUTIVE DIRECTOR, THE CHIEF OPERATING OFFICER, THE PEOPLE AND CULTURE DIRECTOR, AND THE PROGRAM DIRECTOR IN MOST CASES; WHILE FOR THE EXECUTIVE DIRECTOR AND TOP MANAGEMENT, THE BOARDS ARE ALSO INVOLVED IN THE PERIODIC BENCHMARKING REVIEWS. THIS PROCESS WAS LAST PERFORMED IN 2024. FORM 990, PART VI, SECTION C, LINE 18 THE FORM 990 IS POSTED ON THE ORGANIZATION'S WEBSITE. THE 990 IS ALSO MADE AVAILABLE, AS WELL AS FORM 1023, UPON REQUEST IN ACCORDANCE WITH THE U.S. TITLE 26, SUBTITLE F, CHAPTER 61, SUBCHAPTER B, SECTION 6104(D)(1)(B). FORM 990, PART VI, SECTION C, LINE 19 GREENPEACE FUND'S ORGANIZATIONAL DOCUMENTS, CODE OF ETHICS (WHICH INCLUDES CONFLICT OF INTEREST POLICY), ANNUAL REPORTS, AND RELATED DOCUMENTS ARE POSTED ON THE ORGANIZATION'S WEBSITE. IN ADDITION, AUDITED FINANCIAL STATEMENTS ARE PERIODICALLY POSTED TO THE WEBSITE ANNUALLY. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -96,694. LOSS ON ENERGY TRANSFER SUIT VERDICT -131,500,000. LOSS DUE TO CYBER CRIME -4,354,050. SUPPLEMENTAL INFORMATION TO THE FORM 990: GREENPEACE FUND, INC., WAS FOUND LIABLE IN A $131 MILLION JURY VERDICT RENDERED IN MARCH, 2025 IN NORTH DAKOTA IN CONNECTION WITH LITIGATION BROUGHT BY ENERGY TRANSFER, LP AND RELATED ENTITIES. THE LITIGATION BETWEEN ENERGY TRANSFER AND GREENPEACE CENTERS ON THE ENVIRONMENTAL AND INDIGENOUS RIGHTS PROTESTS AGAINST THE DAKOTA ACCESS PIPELINE (DAPL) THAT TOOK PLACE IN 2016 AND 2017. THE JURY FOUND GREENPEACE FUND, INC., LIABLE FOR DEFAMATION AND TORTIOUS INTERFERENCE, WHICH THE PLAINTIFFS ARGUED LED TO SIGNIFICANT PROJECT DELAYS AND FINANCIAL LOSSES. THE ORGANIZATION HAS FILED MOTIONS CHALLENGING THE VERDICT, AND AS OF THE DATE OF ISSUANCE OF THESE FINANCIAL STATEMENTS, NO JUDGMENT HAS BEEN ENTERED BY THE COURT. IF THE COURT DOES ENTER JUDGMENT AGAINST GREENPEACE FUND, INC., AND DENIES A NEW TRIAL, THE ORGANIZATION WILL APPEAL. THE OUTCOME AND TIMING OF THESE LEGAL PROCESSES REMAIN UNCERTAIN. THE VERDICT REPRESENTS A LIABILITY IN EXCESS OF THE ORGANIZATION'S CURRENT FINANCIAL RESOURCES. AS OF DECEMBER 31, 2024, GREENPEACE FUND, INC. HAD CASH AND CASH EQUIVALENTS OF $24 MILLION AND TOTAL ASSETS OF $42 MILLION. IF JUDGMENT ISSUES IN THE AMOUNT OF THE VERDICT, AND IS NOT SUBSEQUENTLY VACATED OR REVERSED, THE ORGANIZATION DOES NOT HAVE SUFFICIENT LIQUIDITY TO SATISFY THE JUDGMENT OR TO CONTINUE NORMAL OPERATIONS IF THE JUDGMENT IS ENFORCED. AS A RESULT OF THESE FACTORS, MANAGEMENT HAS CONCLUDED THAT THERE IS SUBSTANTIAL DOUBT ABOUT GREENPEACE FUND, INC.'S ABILITY TO CONTINUE AS A GOING CONCERN FOR A PERIOD OF ONE YEAR AFTER THE DATE THAT THESE FINANCIAL STATEMENTS ARE ISSUED. THE ACCOMPANYING FINANCIAL STATEMENTS HAVE BEEN PREPARED ASSUMING GREENPEACE FUND, INC. WILL CONTINUE AS A GOING CONCERN AND INCLUDE AN ADJUSTMENT THAT REFLECTS THE EXPECTED OUTCOME OF THIS UNCERTAINTY. ENVIRONMENTAL SUPPORT FUND 1300 EYE STREET NW SUITE 1100 EAST WASHINGTON DC 20005 263895308 SUPPORTING ORGANIZATION FOR GREENPEACE FUND, INC. DE 501(C)(3) LINE 12B, II GREENPEACE FUND INC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0